Comparing the Benefits of GLM and GBM for Insurance Pricing
Actuarial pricing teams are weighing GLMs versus GBMs. GLMs remain core because they provide interpretability, manual control, and regulatory compliance, especially in data‑sparse or extrapolation scenarios. GBMs excel with high‑dimensional, non‑linear data such as telematics, delivering superior predictive power but raising transparency, bias, and deployment challenges. Akur8 promotes a hybrid workflow that deploys each model where its strengths align with business needs.
Aqua Global Wins UBL UK Core Banking Deal
Aqua Global’s Aquila platform has been selected by UBL UK to replace its legacy Swift‑based payments and reconciliation infrastructure as the bank migrates to the API‑first Essence core‑banking system. The new solution will automate IBAN and BIC validation, enable near‑real‑time...
ClearBank Europe Launches Digital Asset Rails
ClearBank Europe has launched Digital Asset Rails, a programmable liquidity platform that settles cross‑border payments with instant euro payouts via SEPA Instant. The service is live for regulated institutions and uses Circle’s EURC stablecoin to convert fiat into fully reserved...
Weecover Unveils API-First Insurance Payments Tool
Weecover has launched an API‑first Insurance Payment Orchestration Module that plugs into any ERP, CRM, core insurance or e‑commerce platform. The tool supports cards, direct debit, Bizum, PayPal, Apple Pay and Google Pay and works with providers such as Stripe, Paycomet and...
IBM and Quant AI Transform Contact Centres with Ava
Quant AI introduced Ava, an AI‑driven contact‑center agent built with IBM, at the IBM Think Conference. Ava handles voice and chat interactions in English and Spanish, authenticating users, processing payments, sending forms and escalating complex cases while preserving context. Early...
Quiet Week for FinTechs with Just over $450m Raised in Total Deals
FinTech fundraising slowed this week, with only 11 deals raising a total of $452 million, down from 14 deals and $757 million the prior week. The standout transaction was Capchase’s $200 million‑plus vendor‑financing round, followed by sizable AI‑driven raises from Daloopa, Pace, and...
Why Sumsub Is Closing the Gap Between Login and KYC
Sumsub has released an Auth0 marketplace integration that embeds identity verification, AML screening, and fraud controls directly into authentication flows. The plug‑in triggers KYC checks at sign‑up or sign‑in, allowing firms to confirm a user’s identity before granting access. By...
Why FinCEN’s New Rule Puts Manual KYB on Notice
FinCEN issued a proposed rule that shifts AML and KYB compliance from process‑centric checklists to effectiveness‑based outcomes. The rule signals that banks using innovative tools such as artificial intelligence will be viewed more favorably in enforcement decisions. It targets the...
Mitek Joins FICO Marketplace as Fraud Threats Escalate
Mitek Systems has added its Verified Identity Platform (MiVIP) to the FICO Marketplace, the first composable enterprise decision‑making hub. The move lets firms pull real‑time identity intelligence into FICO’s risk‑decision workflows, from digital onboarding to account recovery. As fraudsters adopt...
NALA Secures $50m Credit Facility for Stablecoin Payments
NALA, a stablecoin payments platform serving Africa and Asia, secured a credit facility of up to $50 million from Liquidity via Mars Growth Capital. The deal starts with a $25 million tranche and can be expanded to the full amount, providing working...
Mouro Capital Raises $400m to Target AI and FinTech Plays
Mouro Capital announced the first close of its third venture fund at $400 million, fully funded by anchor partner Banco Santander, pushing total commitments past $1 billion. The fund has already deployed seven investments, including conversational‑AI firm ElevenLabs, Japan‑based Sakana AI, regulatory‑focused...
How Financial Simulation Engines Close the Advice Gap
Most retirement calculators assume a steady 7% return, oversimplifying market reality. Kidbrooke’s Financial Planning API uses Monte Carlo simulations to generate thousands of possible outcomes, delivering probability‑based forecasts such as an 85% chance savings last to age 90. The engine incorporates the...
PingPong and Visa Launch Card-to-Account Payment Solution
PingPong and Visa have launched a card‑to‑account payment solution under Visa’s Business Payment Solution Provider (BPSP) programme. The service lets corporate buyers pay supplier invoices with commercial credit cards even when the supplier does not accept cards, delivering funds via...
AI Underwriter FutureProof Enters E&S Lines Market
FutureProof Technologies, a venture‑backed InsurTech, has launched an AI‑driven personal lines program for condo and renters insurance in catastrophe‑exposed southeastern states, focusing on excess and surplus (E&S) coverage in Florida and Texas. The initiative partners with wholesale broker Bridge Specialty...
OakNorth Acquires Monite to Boost Business Banking
OakNorth has completed the acquisition of Monite, a business‑finance management platform, integrating its accounts receivable, accounts payable and expense‑management technology into OakNorth’s digital banking suite. The deal also brings Monite’s product and engineering teams into OakNorth, with Monite CEO Ivan...